Can I rent out my condo unit on a short-term basis?

Yes, you can rent out your condo unit on a short-term basis in Delaware. However, it is important to comply with Delaware condo laws and regulations before doing so. First, check with the condo association to determine if there are any restrictions on short-term rentals in the complex. Some associations prohibit them altogether, while others may impose specific requirements or rules that must be followed. If it is allowed, you will likely need to register your rental unit with the state. Second, you must comply with all applicable state and local laws. For instance, there may be laws that limit the number of people who can stay in a unit and the duration of the rental. You are also required to collect and remit state and local taxes. Last, you should purchase liability insurance and other forms of protection for your property. This will help protect you in the event of a guest injury or other incident that may arise from the short-term rental agreement. Overall, it is important to be aware of the rules and regulations that may apply to short-term rentals in Delaware. If done properly, it can be a great way to generate additional income.

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